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Sandbox (Sand) Up 14% In One Hour As PwC Hong Kong Acquire Virtual Land In Sandbox Metaverse

thecryptobasic.com 23 December 2021 18:48, UTC
Reading time: ~2 m

One of the top China companies PwC Hong Kong has acquired a piece of virtual land on The Sandbox platform.

Sandbox did not specify exactly which plot of land the company acquired and for what price.

PwC Hong Kong is part of the international network of PricewaterhouseCoopers International Limited, which is present in 156 countries around the world.

Sandbox writes:

“The Sandbox, a subsidiary of Animoca Brands, today announced that PwC Hong Kong has acquired a LAND site in The Sandbox metaverse. PwC Hong Kong thus becomes the first member of an internationally recognized professional services network, and the first member firm of the PwC global network, to publicly enter The Sandbox.”

William Gee, Partner at PwC Hong Kong, commented:

“The Metaverse offers new possibilities for organizations to create value through innovative business models, as well as introducing new ways to engage with their customers and communities. We will leverage our expertise to advise clients who wish to embrace the Metaverse on the full range of challenges presented by this emerging global digital phenomenon.”

The SAND token strongly reacted with an increase of almost 14% within an hour. At the time of writing, SAND is trading near $ 5.89.

According to DappRadar, about 4,500 users have bought virtual lands on The Sandbox over the past 30 days. According to OpenSea, over the past three months, the average price of a plot of land on the platform was 2.45 ETH ($9665).

Animoca Brands believes that companies like PwC Hong Kong can play an important role in the development of the open metaverse. In particular, they will help create an ecosystem that is friendly to brands that are new to the Web 3.0 concept.

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